MAPS INVESTORS: Robbins LLP Reminds Investors of the Pending Lead Plaintiff Deadline in the WM Technology, Inc. Class Action

Core Viewpoint - A class action has been filed against WM Technology, Inc. for alleged negligent misrepresentations in financial reporting, particularly regarding the "monthly active users" metric, leading to a significant drop in stock price following SEC charges [2]. Group 1: Allegations and Legal Proceedings - The SEC charged WM Technology, its former CEO Christopher Beals, and former CFO Arden Lee for negligent misrepresentations in public reporting [2]. - WM Technology agreed to pay a civil penalty of $1,500,000 as part of the SEC's administrative proceedings [2]. - Following the SEC announcement, WM Technology's stock price fell by 1.9%, closing at $0.92 on September 25, 2024 [2]. Group 2: Class Action Participation - Shareholders who purchased WM Technology securities between May 25, 2021, and September 24, 2024, may be eligible to participate in the class action [1][3]. - Applications to serve as lead plaintiff must be submitted by December 16, 2024, with the lead plaintiff representing other class members [3]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [3]. Group 3: Company Background - WM Technology operates a leading online cannabis marketplace and provides eCommerce and compliance software solutions for cannabis businesses [1].